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Msall: FY 2014 is year of missed opportunity

Oct 11, 2013

Editor’s note: The Civic Federation’s Institute for Illinois’ Fiscal Sustainability last week released an extensive analysis of the 2014 fiscal year budget for the state of Illinois. The report highlighted the damage done to the budget by the state’s ongoing pension crisis. About 1/4 of state revenue in the current budget year go toward pensions. In the interview below, Civic Federation President Laurence Msall discusses the report’s findings and the chances for Illinois to substantially improve its financial outlook by passing a pension reform bill in the fall veto session, which…

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